Submitted by: Submitted to:

Melvin Banico Ms. Jo Anne Badrina

Aaron Dhale Jaen Teacher

Rowela Micole Brodit

Janisah Barodi
Brief History
DBP's history can be traced back during the Commonwealth when the

early infrastructure for development financing was laid by the government.

1935 - The National Loan and Investment Board (NLIB) was created to coordinate
and manage government trust funds such as the Postal Savings Fund and the
Teacher's Retirement Fund.
1939 - The Agricultural and Industrial Bank (AIB), which absorbed the functions of
the NLIB, was created and started to harness government resources until the
outbreak of war.

1947 - The government created the Rehabilitation Finance Corporation (RFC) under
R.A. No. 85 which absorbed the assets and took over the functions of the AIB. The
RFC provided credit facilities for the development of agriculture, commerce and
industry and the reconstruction of properties damaged by the war.

1958 - The RFC was reorganized into the Development Bank of the Philippines. The
change in corporate name marked the shift from rehabilitation to broader activities.

With an initial capital of P500 million subscribed by the government, the DBP
expanded its facilities and operations to accelerate national development efforts.
This forward thrust saw the establishment of a network of branches throughout the
country. The DBP tapped both foreign and local fund sources to complement its
capital resources. Credits were obtained directly from international financial
institutions.
The DBP delivered to the economy substantial benefits in capital formation,
employment generation and increased revenues, particularly in the countryside. In
the late seventies and early eighties, however, its viability was undermined by an
increasing number of non-performing accounts following a period of economic
difficulty.
1986 - Former President Corazon Aquino issued E.O. No. 81 which provided for the
1986 Revised Charter that called for a clean-up of DBP's books, staff reorganization
and infusion of initial operating budget. The rehabilitation program restored its
financial viability and DBP resumed lending operations.
With the transfer of non-performing assets together with liabilities in June 30, 1986
to the National Government, the DBP implemented an institutional strengthening
program covering a thorough revision of the credit process and a training program
for the intensive implementation of new lending thrusts. The Bank likewise reopened
its lending windows for housing, agriculture, and small and medium scale industries.
1995 - The DBP was granted an expanded banking license and attained universal
banking status.

1998 - Former President Fidel V. Ramos signed R.A. 8523 amending DBP's 1986
Charter. Among the major provisions incorporated in the new DBP Charter were the
increase of authorized capital stock from P5 billion to P35 billion, and the creation of
the position of President and CEO.
These developments paved the way for the pursuit of other activities that allowed
the Bank to fulfill its development mandate more meaningfully.
These developments paved the way for the pursuit of other activities that allowed
the Bank to fulfill its development mandate more meaningfully.
Today, DBP sharpens its development focus as the country’s Infrastructure Bank.
The bank spurs national growth by funding projects that raise the economy’s
competitiveness. Focusing on sectors with the biggest and most immediate impact
on every Filipino’s well-being, DBP spearheads infrastructure projects such as roads
and highways, power and water generation and distribution, schools, and hospitals.

Depository Banks
Country Curr Correspondent SWIFT/BIC Account No: C F M

. Bank P X M

Australia AUD Australia and New ANZBAU3M 170621AUD00001 CP F MM *

Zealand Banking X

Group Limited,

Melbourne

Canada CAD The Bank of BOFMCAT2 31441039682 CP F MM

Montreal, X

(International

Branch) Toronto

CA

Dubai, AED MashreqBank BOMLAEAD 019030000110 CP

UAE PSC Dubai, AE

Belgium EUR ING Bank N.V./SA BBRUBEBB010 301-0104886-13 CP F MM *

X
IBAN:BE08301010488613
United GBP Standard SCBLGB2L 01271041201 CP F MM *

Kingdom Chartered Bank X

Japan JPY The Bank of BOTKJPJT 653-0420646 CP F MM *

Tokyo-Mitsubishi X

UFJ Ltd, Tokyo

Macau MOP Industrial and ICBKMOMX 0119100000000021331 CP *

Commercial Bank

of China, Macau

New NZD ANZ National Bank ANZBNZ22 170621NZD00001 CP F MM *

Zealand Limited, X

Wellington

Philippine PHP Bangko Sentral ng PHCBPHMM 220010-010200-050010 CP F MM *

s Pilipinas, Manila X

Singapore SGD United Overseas UOVBSGSG 3013990466 CP *

Bank Limited,

Singaore

U. S. A. USD Citibank NA, New CITIUS33 36002016 CP F MM

York X

U. S. A. USD Citibank NA, New CITIUS33 36117139 CP F MM

York X

U. S. A. USD Industrial and ICBKMOMX 0119100000000021180 CP F MM

Commercial Bank X

of China, Macau

U. S. A. USD JPMorgan Chase CHASUS33 544771807 CP F MM *

Bank National X

Association, New
 York

U. S. A. USD JPMorgan Chase CHASUS33 811164961 CP F MM *

Bank National X

Association, New

York

U. S. A. USD MashreqBank, Ne MSHQUS33 70010585 CP F MM

w York X

U. S. A. USD The Bank of BOFAUS3N 6550796900 CP F MM

America N.A. New X

York

U. S. A. USD The Bank of New IRVTUS3N 890-0485-671 CP F MM

York Mellon, New X

York

U. S. A. USD Wells Fargo Bank PNBPUS3NNY 2000191003875 CP F MM

NA, New York C X